what is bonus pyramiding and why do books outlaw this?

Forum: Gaming Industry - US
Author: [Gaming Industry - US] Topic: what is bonus pyramiding and why do books outlaw this?
and1jshooter PM and1jshooter
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Posted: 2/14/2012 6:44:35 PM
Please excuse my ignorance here but im a little lost on why this is a prohibited practice.  How is this considered cheating?  This is how one sportsbook describes it.

Bonus Pyramiding

Taking deposited funds plus bonus and wagering the entire amount on a single event. Upon winning, taking your entire balance and wagering on a single event. This being repeated until meeting rollover requirements and withdrawing the money. Upon withdrawal, you will receive your deposited money and winnings on the deposited money.

Example:

1,150 to win 1,150
2nd wager 2,300 to win 2,300
3rd wager 4,600 to win 4,600
New balance 9,200

mikeslg PM mikeslg
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Posted: 2/14/2012 8:10:47 PM

It's prohibited because they want more chances at your money. IE they have a better chance of beating you over a larger number of plays.

Which site is doing that by the way?

Mike

and1jshooter PM and1jshooter
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Posted: 2/14/2012 8:27:52 PM
OK, thanks a lot for your insight, the site is Wagerweb... I know I know it's a cut rate sportsbook. I am leaving.
gamer99 PM gamer99
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Posted: 2/15/2012 3:03:22 AM
Hey shooter... was that bonus cash. Freeplay is treated like a coupon. If you lay the whole amount of freeplay on a single play you will only have the winnings converted to your cash account. The original freeplay monies are negated... I cant see how your cash action can be restricted so unless they consider you sharp or steam...
gamer99 PM gamer99
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Posted: 2/15/2012 3:05:07 AM
I mean, your just basically doubling up each time... right?
SportsFan9698 PM SportsFan9698
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Posted: 2/15/2012 10:34:58 AM

At the end of the day, bonuses are a crock and not even worth consideration.

YES I know that many will argue telling me it's free money you should max your bonus.... nonsense.  A lifetime of experience has taught me there is no free lunch.

Go with a rock solid book, and ignore any bonus action.  The more they market the bonuses, the less of a legit book they actually are.  Pinny never pushed any bonuses as I recall.

NJDEVIL2k12 PM NJDEVIL2k12
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Posted: 2/15/2012 11:19:18 AM
ive done it with SBG before and havent had any issues,. i recommend sbg
bobbywaves PM bobbywaves
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Posted: 2/15/2012 7:38:11 PM
QUOTE Originally Posted by SportsFan9698:

At the end of the day, bonuses are a crock and not even worth consideration.

YES I know that many will argue telling me it's free money you should max your bonus.... nonsense.  A lifetime of experience has taught me there is no free lunch.

Go with a rock solid book, and ignore any bonus action.  The more they market the bonuses, the less of a legit book they actually are.  Pinny never pushed any bonuses as I recall.

I've made a living from reload bonuses & loyalty cash, allowing me the luxury to retire from my job. I'm fortunate enough to have four trustworthy friends who have gr8 jobs, earn big $, & like to gamble. I take all their action & place it with 2 solid A+ sportsbooks. They have lost more than $100,000 over the years, I rake in all the reload bonuses & loyalty cash basicly risk free, as these are trustworthy friends I've known for over 35 years & we always pay each other. But not many people can do this, as you need trustworthy friends who won't screw you when they lose.

 

CalifDreamin PM CalifDreamin
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Posted: 2/21/2012 4:02:24 PM
Bobbywaves lol do you really think anyone will believe your bullshit story? Retired off sportsbook bonuses betting for his "baller friends." Lol the lies people tell on this site to try and make themselves look cool, just hilarious
Posted using a mobile device.
bobbywaves PM bobbywaves
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Posted: 2/22/2012 12:27:03 AM

Not concerned if you believe it, I know what I've accomplished & that's all that matters. Just trying to educate & inspire others about taking bonuses, have fun at work chump.

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